B
Independent Bank
Rating Date
June 2025
Risk Based
Capital Ratio
13.19
Leverage
Ratio
9.56
Return On
Assets
1.20%
Total
Assets
5.32B
Capital
487.40M
Total
Deposits
4.70B
Net
Income
16.35M
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Weiss Ratings Independent Bank
Grand Rapids, MI 		Click to
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Rating B
Asset Quality Index 7.40
Capitalization Index 7.70
Liquidity Index 2.80
Profitability Index 6.00
Stability Index 9.00
Company Info Independent Bank
Grand Rapids, MI 		Click to
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FDIC Number 27811
Phone Number (616) 363-1207
Website www.independentbank.com
Asset Quality Independent Bank
Grand Rapids, MI 		Click to
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1-Year Asset Growth 1.80%
5-Year Asset Growth 9.90%
5-Year Charge-Offs to Average Loans 0.02%
Charge-Offs to Average Loans 0.01%
Non-Performing Assets to Assets 0.14%
Non-Performing Loans to Capital 1.24%
Non-Performing Loans to Loans 0.23%
Balance Sheet Independent Bank
Grand Rapids, MI 		Click to
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Total Assets 5.32B
Total Deposits 4.70B
Capital and Reserves Independent Bank
Grand Rapids, MI 		Click to
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Capital 487.40M
Leverage Ratio 9.56
Loan Loss Reserves to Loans 1.47%
Risk-Based Capital Ratio 13.19
Liquidity Independent Bank
Grand Rapids, MI 		Click to
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Hot Money Ratio 11.27%
Liquidity Ratio 20.30%
Profitability Independent Bank
Grand Rapids, MI 		Click to
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5-Year Return on Average Assets 1.36%
Net Income 16.35M
Net Interest Spread 3.50%
Operating Profit to Average Assets 1.49%
Overhead Efficiency Ratio 61.18%
Return on Assets 1.20%
Return on Equity 13.54%